RIM On The Way Out: Posts Major Loss And Delays BlackBerry 10

Posted: Jun 28 2012, 4:11pm CDT | by , in News | Mobile Phones

RIM on the Way Out: Posts Major Loss and Delays BlackBerry 10

RIM posts worse numbers for their Fiscal Q1 2012 (Press release says title says Q1 2013 - RIM is doomed!). The net loss for the last quarter is $518 on $2.8 billion in revenues.

RIM, the maker of BlackBerry, was already expected to report gloom Q1 2012 numbers. The reality is though worse than expected. The revenue is down 33% and the company posts a loss of $518 on revenues of $2.2 billion.

On top of that, RIM cuts 5,000 jobs and delays BlackBerry 10 to Q1 2013. Sorry. Nobody needs a new BlackBerry OS next year. Microsoft will take all your Apple and Google hating customers.

Via RIM.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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